Another Monday and along comes another biased and flawed assessment full of bloodcurdling claims about what they think might happen if the UK does the sensible thing and votes to leave the EU on 23rd June.
All the ‘technocratic elite’ (who it often turns out receive funding from the EU) are banding together to say how they think it would be better if the UK stays in. The latest document which was issued yesterday claims the UK would be forced into recession, there would be a sharp rise in unemployment, the pound would fall by up to 15% and house prices would fall by 10%.
Given that the forecasts the Treasury made in the Autumn Statement had already proved to be wrong just a few weeks later by the time of the budget and given the general difficulty with anyone trying to guess what is going to happen in the future one would have thought that these uncertainties would be reflected in the forecast. Instead, instead it is all presented as a virtual certainty.
Fortunately Mr Speaker allowed an Urgent Question which gave MP’s the opportunity to question a Treasury Minister (David Gauke the Financial secretary to the Treasury) about it. the whole exchanges can be read here.